SAC Capital (Sorta) Dodges Bullet (San Fran Office, Not So Much)

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Throwing a hissy fit, calling his traders idiots, going (mostly but not all) to cash and kicking over the chocolate fountain on the floor to show he meant business didn't exactly payoff as spectacularly as Steve Cohen had hoped but things obviously could've been much worse. SAC's flagship fund returned a not catastrophically bad but not "Deep fried Oreos for everyone!" -12 percent for October, and -18 percent year to date.
In other news, apparently the recent (and ongoing) population restructuring we discussed yesterday is not relegated to southern Connecticut. The firm is said to have closed its San Francisco office.
Earlier: SAC Capital Taking A Breather

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